Question

What does it mean the date of disbursement in contract?

Answer 1

The date of disbursement in a contract refers to the specific date on which funds will be distributed or paid out to a party as outlined in the terms of the agreement. This could apply to a variety of situations, such as a loan disbursement, payment for goods or services, or any other financial transaction. The date of disbursement is typically specified in the contract to ensure that both parties are clear on when the funds will be received or paid out.